Ava Protocol has successfully launched its mainnet on Ethereum, positioning itself as an EigenLayer Actively Validated Service (AVS) that facilitates smart contract automation. This significant development introduces enhanced transaction automation, privacy, composability, and cost-efficiency for developers integrating Ava Protocol into their decentralized applications (dapps), ensuring extensive compatibility across the Ethereum Virtual Machine (EVM) ecosystem.
The protocol’s event-driven activation model is designed to simplify complex on-chain operations by autonomously executing “super-transactions” when specific predefined conditions such as time, price, and smart contract updates occur. This innovation not only minimizes friction for developers and users but also addresses a major hurdle in web3 adoption by offering a user-friendly solution comparable to Stripe. Notably, these super-transactions do not require custom code, simplifying implementation for developers.
Ava Protocol, as an AVS on EigenLayer, benefits from not being confined to the limitations of the Ethereum Virtual Machine’s architecture. This allows it to extend new capabilities to developers that are not inherently possible on Ethereum and other EVM-compatible chains. It supports a variety of applications, including scheduling future and recurring payments, stop-loss and limit orders, streaming rewards, dynamic NFT minting, and more, making it a versatile tool for dapps.
Chris Li, the founder of Ava Protocol, expressed his enthusiasm about the launch: “With the support of our partners and community, we’ve reached a pivotal moment in our mission to deliver automated super-transactions on Ethereum. The launch of Ava Protocol’s mainnet will unlock new use cases for autonomous transactions that power smart contracts. We’re excited to showcase the versatility of EigenLayer’s AVS technology while addressing critical web3 automation challenges.”
Ava Protocol is among the first 15 projects to deploy an AVS, leveraging pooled security from Ethereum validators through EigenLayer’s innovative restaking mechanism. The protocol has commenced operations with 20 EigenLayer operators sourced from the top 100 by Total Value Locked (TVL), including EigenYields, InfraSingularity, Kukis Global, Coinage, and Staking4All.
Alex from EigenYields commented on the collaboration: “We see immense potential in Ava Protocol’s automated super-transactions, and are thrilled to provide a secure and resilient foundation for this innovative technology. This aligns with our mission to maximize value for our delegators by pushing the Ethereum ecosystem forward.”
Sam Shev, Head of Marketing at Ava Protocol, highlighted the significance of the mainnet launch: “We’re excited to bring Ava Protocol’s technology to a live environment for the first time and to see what our community will build using super-transactions. Thanks to the EigenLayer operators who have joined us on this mission, Ava Protocol will launch with a strong foundation to anchor everything that comes next.”
Following a successful testnet that engaged 10,000 wallets and facilitated over 1,000 automated transactions daily, Ava Protocol is gearing up to announce a detailed plan for AP token incentives aimed at initial operators.
